PLANNING FOR A LIFETIME.
In recent years, we’ve all witnessed the impact of significant economic shocks and financial market volatility on retirement accounts. As long-time savers, you are likely concerned about how to navigate market uncertainty so that your hard-earned savings will provide the income needed for all of your retirement years.
For times like these and for members like you, we introduced Deferred Lifetime Income — an offering available only to UC Retirement Savings Program participants to help you address these concerns with confidence and enjoy a comfortable retirement.
Deferred Lifetime Income is a special type of annuity that you purchase now with a portion of your UC RSP account balance that provides steady monthly income for life beginning at age 78 — a time when many retirees need financial security most.
This year's purchase window for 2024 is September 3–25.
New for 2024! Use any Pathway Fund to purchase Deferred Lifetime Income.
This year, you can use any Pathway Fund in your 403(b), 457(b) or DC Plan to purchase Deferred Lifetime Income, giving you more flexibility when the election window opens.
Watch a video from Jagdeep Singh Bachher, Chief Investment Officer of the University of California, about why UC offers this important benefit, what’s changed since it was introduced three years ago, and why it can be a good time to buy Deferred Lifetime Income now.